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Airbus to settle fraud, bribery cases in U.S., Europe with massive $4B payment

Airbus said Tuesday it reached a deal with U.S. and European authorities to pay $4 billion to settle probes into allegations that it won military and commercial jet deals with bribery and corruption. Anti-fraud authorities in France, the United Kingdom.....»»

Category: topSource: bizjournalsJan 28th, 2020

Airbus faces record $4 billion fine after bribery probe

Airbus faces a record $4 billion fine and lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales......»»

Category: topSource: reutersJan 28th, 2020

Airbus faces $4 billion fine after international bribery probe

Airbus faces a $4 billion fine and sharply lower 2019 profits after unveiling a preliminary deal with French, British and U.S. authorities following a crippling three-year probe into allegations of bribery and corruption over jetliner sales......»»

Category: topSource: reutersJan 28th, 2020

Xerox secures $24 billion loan in pursuit of HP deal

Jan.06 -- Xerox Holdings Corp. has arranged a $24 billion loan with a group of banks as it continues a pursuit of HP Inc. Bloomberg's Liana Baker has more on "Bloomberg Markets: The Close.".....»»

Category: topSource: moneycentralJan 6th, 2020

PG&E nearing $13.5 billion deal with wildfire victims -Bloomberg

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires triggered by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersDec 4th, 2019

PG&E nearing $13.5 billion deal with wildfire victims - Bloomberg

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersDec 4th, 2019

PG&E"s stock rockets after Bloomberg report that a deal to pay $13.5 billion wildfire victims is in the works

Shares of PG&E Corp. rocketed 21% in active afternoon trading Wednesday, enough to pace all NYSE-listed gainers, after Bloomberg.....»»

Category: topSource: marketwatchDec 4th, 2019

PG&E nearing $13.5 billion deal with wildfire victims - BBG

Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines, Bloomberg reported on Wednesday, citing people familiar with the matter......»»

Category: topSource: reutersDec 4th, 2019

U.S. says sees no reason to reduce tariffs in EU aircraft subsidy case

The U.S. Trade Representative's office on Monday said it saw no basis in Monday's World Trade Organization report that would justify reducing U.S. retaliatory tariffs by $2 billion as Europe's Airbus has suggested......»»

Category: topSource: reutersDec 3rd, 2019

We Now Know What Kylie Jenner’s Cosmetics Company Is Really Worth

A new deal values Kylie Cosmetics at about $1.2 billion (Bloomberg) — Coty agreed to pay $600 million for a ma.....»»

Category: topSource: timeNov 18th, 2019

Emirates says it ordered 50 Airbus A350 in a deal worth $16 billion

Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices......»»

Category: topSource: reutersNov 18th, 2019

UAW union approves new labor deal with Ford

The deal requires Ford to invest more than $6 billion in its U.S. manufacturing operations and create or retain 8,500 U.S. jobs, while also allowing the automaker to close an engine plant in Michigan......»»

Category: topSource: moneycentralNov 16th, 2019

Qatar Airways signs $4 billion CFM engine order

Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos......»»

Category: topSource: reutersNov 14th, 2019

Google Is Buying Fitbit in a $2.1 Billion Deal to Fight Against the Apple Watch

The move could shore up the internet giant’s hardware business (Bloomberg) — Alphabet Inc.’s Google agreed to buy smartwatch maker Fitbit Inc. for $2.1 billion in cash, a move.....»»

Category: topSource: timeNov 1st, 2019

U.S. nears 1MDB recovery deal with Malaysian fugitive Jho Low: Bloomberg

The U.S. Justice Department is close to a deal with fugitive financier Jho Low to recover almost a billion dollars that was misappropriated from Malaysian investment fund 1MDB, Bloomberg reported on Wednesday, citing a source familiar with the matter......»»

Category: topSource: reutersOct 30th, 2019

Fiat Chrysler considers 5 billion euro special dividend as part of potential deal with Peugeot: Bloomberg

Italian automaker Fiat Chrysler is considering a 5 billion euro ($5.56 billion) special dividend, as part of a potential combination with Peugeot owner PSA , according to a verified tweet by a Bloomberg reporter on Wednesday......»»

Category: topSource: reutersOct 30th, 2019

Exclusive: India"s IndiGo close to mammoth 300-plane Airbus deal - sources

Indian budget airline IndiGo is close to placing a near-record order for more than 300 Airbus A320neo-family jets worth at least $33 billion at recent catalog prices to cement its position as India's largest carrier by market share......»»

Category: topSource: reutersOct 29th, 2019

China says it will buy $20 billion of US farm products in year one of a partial trade deal

Reuters China is willing to buy as much as $20 billion of US farm goods in the first year if a phase-one trade deal is signed with the US, Bloomberg reported.  That wo.....»»

Category: topSource: businessinsiderOct 24th, 2019

Airbus to sell 100 jets to US carrier Spirit Airlines

At list prices the deal would be worth around $12 billion to the European plane-maker......»»

Category: topSource: moneycentralOct 24th, 2019

Spirit Airlines close to agreeing major Airbus order: sources

U.S. budget carrier Spirit Airlines is close to agreeing a provisional deal to order as many as 100 single-aisle aircraft worth up to $12 billion at recent catalogue prices from Airbus , industry sources said......»»

Category: topSource: reutersOct 23rd, 2019